Banco Central (España)
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Banco Central (España)
Banco Central Hispano was a Spanish bank. In 1999 it was merged with Banco Santander to form Banco Santander Central Hispano. However the bank group was reverted to refer as Santander Group or Banco Santander in 2007. History Both the Central Bank and the Banco Hispano Americano were closely linked to the struggling industrial sector following the first oil crisis. The Central Bank was founded in 1919, growing alongside the Spanish industry, but faced challenges in the 1970s. The Hispano Americano Bank, established in 1900, inherited a portfolio from Banco Urquijo that heavily exposed it to the industrial sector. In 1985, banker Claudio Boada restructured it, shifting its focus to loans and deposits. In 1991, Alfonso Escámez led the Central Bank, while José María Amusátegui was president of the Hispano Americano. Attempts to merge the two banks began in the 1960s, led by Ignacio Villalonga and Antonio Basagoiti. However, the deal fell through due to concerns from Finance ...
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Bien De Interés Cultural
(, , , ) is a category of the heritage register in Spain. The term is also used in Colombia and other Spanish-speaking countries. The term literally means a "good of cultural interest" ("goods" in the economic sense). It includes not only material heritage ( cultural property), like monuments or movable works of art, but also intangible cultural heritage, such as the Silbo Gomero language. Some ''bienes'' enjoy international protection as World Heritage Sites or Masterpieces of the Oral and Intangible Heritage of Humanity. History In Spain, the ''Bien de Interés Cultural'' category dates from 1985 when it replaced the former heritage category of '' Monumento nacional ''(national monument) to extend protection to a wider range of cultural property. The category has been translated as "Cultural Interest Asset." ''Monumentos'' are now identified as one of the sub-categories of ''Bien de Interés Cultural.'' Sub-categories The movable heritage designated as ''Bienes de Int ...
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Finance
Finance refers to monetary resources and to the study and Academic discipline, discipline of money, currency, assets and Liability (financial accounting), liabilities. As a subject of study, is a field of Business administration, Business Administration wich study the planning, organizing, leading, and controlling of an organization's resources to achieve its goals. Based on the scope of financial activities in financial systems, the discipline can be divided into Personal finance, personal, Corporate finance, corporate, and public finance. In these financial systems, assets are bought, sold, or traded as financial instruments, such as Currency, currencies, loans, Bond (finance), bonds, Share (finance), shares, stocks, Option (finance), options, Futures contract, futures, etc. Assets can also be banked, Investment, invested, and Insurance, insured to maximize value and minimize loss. In practice, Financial risk, risks are always present in any financial action and entities. Due ...
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Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ...
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Banco Hispano Americano
Banco Hispano Americano (BHA) was a private Spanish bank that operated during most of the 20th century, becoming one of the most important financial institutions in the country. The activities of the ''Hispano Americano'' were not limited to the financial sector and it also had a prominent presence in the industrial sector through various investments. It was also linked to foreign trade, operating in numerous countries. In 1991, Hispano Americano agreed to a merger with ''Banco Central'', which resulted in the creation of Banco Central Hispano (BCH). History Beginnings and development It was created by a group of investors brought together by Antonio Basagoiti Arteta, a businessman from Biscay who had made his fortune in Mexico in the textile, leather, agricultural, and railroad sectors. The Zaldo and Ibáñez families were among the group, who had also prospered in the United States. On October 25, 1900, the investment conclave resulted in the foundation of a financial in ...
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Banco Santander
Banco Santander S.A. trading as Santander Group ( , , ), is a Spanish multinational financial services company based in Santander, with operative offices in Madrid. Additionally, Santander maintains a presence in most global financial centres as the 14th-largest banking institution in the world. Although known for its European banking operations, it has extended operations across North and South America, and more recently in continental Asia. It is considered a systemically important bank by the Financial Stability Board. Many subsidiaries, such as Abbey National, have been rebranded under the Santander name. The company is a component of the Euro Stoxx 50 stock market index. In June 2023, Santander was ranked as 49th in the Forbes Global 2000 list of the world's biggest public companies. Banco Santander is chaired by Ana Patricia Botín-Sanz de Sautuola O'Shea, daughter and granddaughter of former chairmen Emilio Botin-Sanz de Sautuola y García de los Ríos and Em ...
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Madrid
Madrid ( ; ) is the capital and List of largest cities in Spain, most populous municipality of Spain. It has almost 3.5 million inhabitants and a Madrid metropolitan area, metropolitan area population of approximately 7 million. It is the Largest cities of the European Union by population within city limits, second-largest city in the European Union (EU), and its wikt:monocentric, monocentric Madrid metropolitan area, metropolitan area is the List of metropolitan areas in Europe by population, second-largest in the EU.United Nations Department of Economic and Social AffairWorld Urbanization Prospects (2007 revision), (United Nations, 2008), Table A.12. Data for 2007. The municipality covers geographical area. Madrid lies on the Manzanares (river), River Manzanares in the central part of the Iberian Peninsula at about above mean sea level. The capital city of both Spain and the surrounding Community of Madrid, autonomous community of Madrid (since 1983), it is also th ...
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Financial Services
Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns financial management and consumer finance. The finance industry in its most common sense concerns commercial banks that provide market liquidity, derivative (finance), risk instruments, and broker, brokerage for large public company, public companies and multinational corporations at a macroeconomics, macroeconomic scale that impacts domestic politics and foreign relations. The extragovernmental power and scale of the finance industry remains an ongoing controversy in many industrialized Western economies, as seen in the American Occupy Wall Street civil protest movement of 2011. Styles of financial institution include credit union, bank, savings and loan association, trust company, building society, brokerage firm, payment processor, many ty ...
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1973 Oil Crisis
In October 1973, the Organization of Arab Petroleum Exporting Countries (OAPEC) announced that it was implementing a total oil embargo against countries that had supported Israel at any point during the 1973 Yom Kippur War, which began after Egypt and Syria launched a large-scale surprise attack in an ultimately unsuccessful attempt to recover the territories that they had lost to Israel during the 1967 Six-Day War. In an effort that was led by Faisal of Saudi Arabia, the initial countries that OAPEC targeted were Canada, Japan, the Netherlands, the United Kingdom, and the United States. This list was later expanded to include Estado Novo (Portugal), Portugal, Rhodesia, and South Africa. In March 1974, OAPEC lifted the embargo, but the price of oil had risen by nearly 300%: from US to nearly US globally. Prices in the United States were significantly higher than the global average. After it was implemented, the embargo caused an oil crisis, or "shock", with many short- and long ...
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Alfonso Escámez, 1st Marquess Of Águilas
Alfonso Escámez, 1st Marquess of Águilas (1 January 1916 – 16 May 2010) was a Spanish banker. He was the president of Banco Central from 1973 until 1992. He was awarded the title "Marquess of Águilas" by King Juan Carlos I Juan Carlos I (; Juan Carlos Alfonso Víctor María de Borbón y Borbón-Dos Sicilias, born 5 January 1938) is a member of the Spanish royal family who reigned as King of Spain from 22 November 1975 until his abdication on 19 June 2014. In Sp .... Escámez died on 16 May 2010, at the age of 94. References 1916 births 2010 deaths Spanish bankers {{Spain-business-bio-stub ...
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Juan José Espinosa San Martín
Juan José Espinosa San Martín (30 June 1918 – 14 January 1982) was a Spanish politician who served as Minister of Finance of Spain between 1965 and 1969, during the Francoist dictatorship Francoist Spain (), also known as the Francoist dictatorship (), or Nationalist Spain () was the period of Spanish history between 1936 and 1975, when Francisco Franco ruled Spain after the Spanish Civil War with the title . After his death i .... References 1918 births 1982 deaths Economy and finance ministers of Spain Government ministers during the Francoist dictatorship {{Spain-politician-stub ...
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Banesto
Banco Español de Crédito, S.A. (), “Spanish Credit Bank”) better known as Banesto, was a Spanish multinational financial services company. Prior to the Spanish Government's historical intervention in 1993, the first in the history of banking, Banesto was the third-largest financial group in Spain, operating around 1,770 branches, as well as the fifth-largest company of the IBEX 35. The ambitious capital increase planned in 1993 by its Executive Chairman Mario Conde together with J.P. Morgan became the biggest restructuring plan in the history of Europe, involving asset sales and a rights issue of US$1.2 billion, after which Banesto was expected to become the largest financial firm in Europe. Although initially accepted by the Bank of Spain, it was later frustrated following intervention on the basis of financial transparency. In October 1987, Mario Conde and Juan Abelló became major shareholders of Banesto. Soon after, on 30 November, Conde was appointed as the Executive ...
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Former Banco Central Hispano Headquarters
The former headquarters of Banco Central Hispano is located in Madrid, Spain. It was declared ''Bien de Interés Cultural (, , , ) is a category of the heritage register in Spain. The term is also used in Colombia and other Spanish-speaking countries. The term literally means a "good of cultural interest" ("goods" in the economic sense). It includes not only mater ...'' in 1999. References Buildings and structures in Sol neighborhood, Madrid Banco Santander Former bank buildings Bien de Interés Cultural landmarks in the Community of Madrid {{Madrid-struct-stub ...
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